Bare Act Search Results

The Kerala Chitties Act, 1975 [1] Complete Act

State: Kerala

Year: 1975

.....a bond in favour of or in trust for the other subscribers for the proper conduct of the chitty, charging immovable property sufficient to the satisfaction of the Registrar for the realization of twice the chitty amount; or (b) deposit in an approved bank an amount equal to the chitty amount or invest in Government securities of the face value of note less than one and a half times the chitty amount and transfer the amount so deposited or the Government securities in favour of the Registrar to be held in trust by him as security for the due conduct of the chitty. (2) If any foreman makes default in complying with the requirements of sub-section (1), he shall be punishable with fine which may extend to five hundred rupees. (3) The security given by the foreman under sub-section (1) or any security substituted under sub-section (6) shall not be liable to be attached in execution of a decree or otherwise until the chitty is terminated and the claims of all are fully satisfied. (4) The Registrar shall, after the termination of a chitty and after satisfying himself that the claims of all the subscribers have been fully satisfied, order the release of the security.....

The Kerala Chitties (Amendment) Act, 1978 Complete Act

State: Kerala

Year: 1978

THE KERALA CHITTIES (AMENDMENT) ACT, 1978 THE KERALA CHITTIES (AMENDMENT) ACT, 1978 (ACT 19 OF 1978) An Act to amend the Kerala Chitties Act, 1975 Preamble. - Whereas it is expedient to amend the Kerala Chitties Act 1975, for the purpose hereinafter appearing; Be it enacted in the Twenty-ninth Year of the Republic of India as follows:" 1. Short title and commencement. - (1) This Act may be called the Kerala Chitties (Amendment) Act, 1978. (2) It shall be deemed to have come into force on the 3 rd day of May, 1978. 2. Insertion of new section 70A. - In the Kerala Chitties Act, 1975 (23 of 1975) (hereinafter referred to as the principal Act), after section 70, the following section shall be inserted, namely: - "70 A. Power to exempt. - The Government may, by notification in the Gazette and for reasons to be specified in such notification, exempt any company owned by the Government of Kerala or any co-operative society registered or deemed to be registered under the Kerala Co-operative societies Act, 1969 (21 of 1969), from all or any of the provisions of this Act.". 3. Repeal and saving. - (1) The Kerala Chitties (Amendment) Ordinance, 1978 (13 of 1978), is hereby.....

Chit Funds Act, 1982 Section 11

Title: Use of the Words "chit", "chit Fund", " Chitty or "kuri"

State: Central

Year: 1982

(1) No person shall carry on chit business unless he uses as part of his name any of the words "chit", "chit fund", "chitty" or "kuri" and no person other than a person carrying on chit business shall use as part of his name any such word. (2) Where at the commencement of this Act, (a) any person carrying on chit business without using as part of his name any of the words specified in sub-section (1); or (b) any person not carrying on chit business is using any such word as part of his name, he shall, within a period of one year from such commencement, add as part of his name any such word or, as the case may be, delete such words from his name: Provided that the State Government may, if it considers it necessary in the public interest or for avoiding any hardship, extend the said period of one year by such further period or periods not exceeding one year in the aggregate.

The Kerala Debt Relief Act, 1977 (Act 17 of 1977) [1] Complete Act

State: Kerala

Year: 1977

THE KERALA DEBT RELIEF ACT, 1977 (ACT 17 OF 1977) [1] THE KERALA DEBT RELIEF ACT, 1977 (ACT 17 OF 1977) [1] An Act to provide relief from indebtedness to certain persons in the State of Kerala . Preamble. - WHEREAS it is expedient to provide relief from indebtedness to certain persons in the state of Kerala; BE it enacted in the Twenty-eighth Year of the Republic of India as follows: - 1. Short title, extent and commencement. - (1) This Act may be called the Kerala Debt Relief Act, 1977. (2) It extends to the whole of the State of Kerala . (3) It shall be deemed to have come into force on the 13 th day of January, 1977. 2. Definitions. - In this Act, unless the context otherwise requires, - (1) "appellate authority" means an appellate authority appointed under section 6; (2) "creditor" shall include the heirs, legal representatives and assigns of the creditor; (3) "debt" means any liability in cash or kind, whether secured or unsecured, due from or incurred by a debtor on or before the date of commencement of this Act, whether payable under a contract, or under a decree or order of any court, or otherwise, and subsisting on that date but does not include - any sum.....

THE KERALA AGRICULTURISTS' DEBTRELIF ACT, 1970 [1] Complete Act

State: Kerala

Year: 1970

.....Act to such decree and shall, notwithstanding anything contained in the Code of Civil Procedure, 1908, amend the decree accordingly or enter satisfaction, as the case may be. (2) The provisions of section (1) shall also apply to cases where, after the commencement of this Act, a court has passed a decree for the repayment of any debt. 9. Right to prove real nature of transaction.-(1) Notwithstanding anything in The Indian Evidence Act, 1872, or in any other law for the time-being in force, any agriculturist may plead, adduce evidence and prove that any transaction, whether reduced to writing or not, and to which he is a party, is really a transaction in respect of a debt or that the amount mentioned therein is not the actual amount of the debt. (2) Where under sub-section (1) the court holds that such transaction is in respect of a debt or fixes the actual amount, the court may pass an order in conformity with the other provisions of this Act. (3) Notwithstanding anything in The Indian Evidence Act, 1872, or in any other law for the time being in force, in the case of any transaction entered into on or after the 14th day of July, 1958, and purporting to be a sale of immovable.....

The Kerala Debtors (Temporary Relief) Act, 1975 [1] Complete Act

State: Kerala

Year: 1975

THE KERALA DEBTORS (TEMPORARY RELIEF) ACT, 1975 [1] THE KERALA DEBTORS (TEMPORARY RELIEF) ACT, 1975 [1] (Act 30 of 1975) An Act to provide temporary relief to certain debtors in the State of Kerala. Preamble. "WHEREAS it is expedient to provide tem porary relief to certain debtors in the State of Kerala; BE it enacted in the Twenty-sixth Year of the Republic of India as follows: " 1. Short title, extent and commencement. "(1) This Act may be called the Kerala Debtors (Temporary Relief) Act, 1975. (2) It extends to the whole of the State of Kerala. (3) It shall come into force at once. 2. Definitions. "In this Act, unless the context otherwise requires, " (1) "agricultural land" means land used for agriculture or horticulture, not being land appurtenant to a residential building; (2) "artisan" means a person who does not hold any agricultural land and whose principal means of livelihood is production or repair of traditional tools, implements and other articles or things used for agriculture or purposes ancillary thereto and includes a person who normally earns his liveli hood by practising craft either by his own labour or by the labour of the.....

Chit Funds Act, 1982 Complete Act

State: Central

Year: 1982

.....the foreman; (b) his methods of operation; (c) the interest of prospective subscribers; (d) the requirement as to security; and (e) such other factors as the circumstances of the case may require. (3) The amount of discount referred to in clause (f) of sub-section (1) shall not exceed 2["forty per cent."]. of the chit amount. (4) Where the prized subscriber at any instalment of the chit is required to be determined by auction and more than one person offer the maximum discount, the prized subscriber shall be determined by lot. Clause 6.- While the various particulars which are required to be specified in every chit agreement and the other formalities to be complied with have been specified in sub-clause (1) of this clause, it has been provided in sub-clause (2) that the duration of a chit shall not extend beyond a period of five years from the date of its commencement. However, the State Government concerned has been empowered to permit the duration of a chit up to a period of ten years on the existence of certain conditions specified in that sub-clause. Sub-clause (3) provides that the amount of discount in any chit shall not exceed thirty per cent. of the chit amount.....

The Kerala Finance Act, 2002 [1] Complete Act

State: Kerala

Year: 2002

.....the following 'Note' shall be inserted, namely:- "Note:-The expression 'Foreign Liquor (Foreign made)' means any liquor produced, manufactured, or blended and compounded abroad and imported into India by land, air or sea"; (2) in section 51, for the words and figures "Code of Criminal Procedure, 1898" the following words, figures and brackets shall be substituted, namely:- "Code of Criminal Procedure, 1973 (Central Act 2 of 1974)"; (3) after section 66, the following section shall be inserted, namely:- "67. Power to compound offences in certain cases.--(1) The Commissioner may impose a fine of Rs.10,000 (Rupees ten thousand only) each on any person or persons holding a licence or permit under the Act, for the offences under section 56 (b) of the Act for variation of strength of foreign liquor beyond the prescribed limit as may be fixed from time to time . (2) The Commissioner may impose a fine of Rs.25,000 (Rupees twenty five thousand only) each on any person or persons holding a licence or permit under this Act for the violation by way of reconstitution, alteration or modification without the permission of the Commissioner of any deed on the strength of.....

Chit Funds Act, 1982 Chapter II

Title: Registration of Chits, Commencement and Conduct of Chit Business

State: Central

Year: 1982

.....foreman; (b) his methods of operation; (c) the interests of prospective subscribers; (d) the requirements as to security; and (e) such other factors as the circumstances of the case may require. (3) The amount of discount referred to in clause (f) of sub-section (1) shall not exceed1[forty per cent.] of the chit amount. (4) Where the prized subscriber at any instalment of the chit is required to be determined by auction and more than one person offer the maximum discount, the prized subscriber shall be determined by lot. ______________________ 1. Substituted for the words "thirty per cent" by The Chit Funds (Amdt.) Act, 2001. w.e.e. 01.10.2001 Section 7 - Filing of chit agreement (1) Every chit agreement shall be filed in duplicate by the foreman with Registrar. (2) The Registrar shall retain one copy of the chit agreement and return the duplicate to the foreman with an endorsement that the chit agreement has been registered: Provided that the Registrar may refuse to register the chit agreement on any one or more of the following grounds, namely: (a) that the security offered by the foreman under section 20 is insufficient; (b) that the foreman had.....

Chit Funds Act, 1982 Chapter I

Title: Preliminary

State: Central

Year: 1982

.....Union territory appointed by the President under article 239 of the Constitution; (r) "subscriber" includes a person who holds a fraction of a ticket and also a transferee of a ticket or fraction thereof by assignment in writing or by operation of law; (s) "ticket", means the share of a subscriber in a chit. Section 3 - Act to override other laws, memorandum, articles, etc. Save as otherwise expressly provided in this Act, (a) the provisions of this Act shall have effect notwithstanding anything to the contrary contained in any other law for the time being in force or in the memorandum or articles of association or bye-laws or in any agreement or resolution whether the same be registered, executed or passed, as the case may be, before or after the commencement of this Act; and (b) any provision contained in the memorandum, articles, bye-laws, agreement or resolution aforesaid, shall, to the extent to which it is repugnant to the provisions of this Act, become null or be void, as the case may be.